Question

morgan balance sheet 2019- x + =922967 W Questions at three transaction cycles exist in all nesses? me the major subsystems of the expenditure cle. entify and distinguish between the physical ad financial components of the expenditure cle. Hame the major subsystems of the conversion cycle Name the major subsystems of the revenue cycle. Name the three types of documents. Name the two types of journals. Distinguish between a general journal and and femal vouchers. Name the two types of ledgers. - What is an audit trail? What is the confirmation process 2. Computer-based systems employ four types of files. Name them 3. Give an example of a record for each of the four file types found in a computer-based system 14. What is the purpose of a digital audit trail? 15. Give an example of how cardinality relates to business policy. T 16. Distinguish between entity relationship diagrams, data flow diagrams, and system flowcharts 17. What is meant by cardinality in entity relationship diagrams! 18. For what purpose are entity relationship diagrams used? 19. What is an entity! 20. Distinguish between batch and real-time processing 21. What is the far-file model? 22. Is a data flow diagram an effective documentation technique for identifying who or what performs p articular task? Explain. 23. Is a flowchart an effective documentation tech nique for identifying who or what performs particular as Explain 24. How may batch processing be used to improve operational efficiency? 25. Why might an auditor use a program flowchart 26. How are system flowcharts and program flow. charts related ? What are the three general problems associated with data redundancy? 28. What is task data dependency? S r Procent oduction to T o HAPTER 29. What is the database modell 30. What information is provided by a record layout diagram! 31. In one sentence, what does updating a master file record involve! 32. What is the purpose of the DBMS! 3. Flat files limit data integration Explain. 34. What factor influences the decision to employ real-time data collection with batch updating rather that purely real-time processing! Explain 35. What are the advantages of real-time data processing 36. What are the advantages of real media collection! 37. What are some of the more common uses of da codes in accounting information system! J. Compare and contrast the relative advantages and diadanges of sequential block group bedic, and mnemonic codes

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• There are generally three types of Transaction cycles affecting most of the entity's economy.
• These cycles exist in all types of business such as Profit making and non-Profit making organizations and these cycles are:
• a.)Expenditure Cycle,
• b.)Conversion Cycle and
• c.)Revenue Cycle.

a.)Expenditure Cycle-In this cycle business incurs various expenses which are necessary for purchasing fixed assets, making purchases, paying salaries, cash disbursements.

b.)Conversion Cycle--In this cycle business do various tasks which are necessary for production, plan & control, cost accounting.

c.)Revenue Cycle-In this cycle business process sales order & collect cash against cash sales.